FINANCIAL_SERVICESONGOING

Southern Bank over-collateralizes $11.5M in city deposits

As of July 31, 2026, Southern Bank reports $11.52 million in uninsured City of Maryville deposits secured by $14.66 million in pledged securities, exceeding the 110% collateral requirement. This arrangement safeguards municipal funds beyond FDIC insurance limits.

Status
ONGOING
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southern Bank
Agency
City of Maryville · MO

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$11,521,642.55
Contract type
FINANCIAL_SERVICES
Renewal
Collateral levels are monitored and adjusted as deposits fluctuate; the underlying depository relationship is ongoing without a fixed renewal date.
Document type
AgendaPacket
Source document
City of Maryville AgendaPacket 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Maryville?

Southern Bank was awarded this financial services contract by City of Maryville, as recorded on August 8, 2026. The contract value is $11,521,642.55.

How much is the Southern Bank contract with City of Maryville worth?

The Southern Bank contract with City of Maryville is valued at $11,521,642.55, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Maryville AgendaPacket 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Maryville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern Bank hold?

Southern Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Southern Bank's profile

What is City of Maryville currently buying?

Explore City of Maryville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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